More Practice for the Final Exam Adjusting Entries Key _____ 1. Accruals occur when cash flows: A) Occur before expense recognition. B) Occur after revenue or expense recognition. C) Are uncertain. D) May be substituted for goods or services. Answer: B _____ 2. An example of a contra account is: A) Depreciation expense. B) Accounts receivable. C)
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college professors and other staff members to carry weapons on campus. It’s been said that Texas has already made it legal. There are so many questions I have‚ with me being a college student myself. I’m not sure I agree that guns should be paraded around by our professors. After the tragedies that took place at Sandy Hook Elementary School‚ guns have no place in our nation’s schools. allowing college professors to possess guns on campus will only lead to more gun deaths and injuries‚ not less. Federal
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The 10th amendment was written as the last amendment on the original Bill of Rights. It was added to assure the delegates from different states that the Federal Government would not step outside the boundaries established in the Constitution. It also helps define the concept of federalism‚ the relationship between Federal and state governments. Having said that‚ it would seem obvious that the state should be allowed the power to prevent or accept the use of marijuana for medical reasons. Most would
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and the platform which it made‚ in the statement regarding campus housings beliefs that‚ Campus living will enhance our growth and development as a student at UW stout. This statement makes a lot of sense to me as I personally hold the belief that college is make or break. I’ve seen friends buckle under the pressure of school work and turn to irresponsible solutions which‚ in the end never help or solve their problems. That being said campus housings statement relates to that point because
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Energy 1. A man climbs on to a wall that is 5 m high and gains 2200 J of potential energy. What is the mass of the man? Given: Formula: h = 5 m m = PE/gh PE = 2200 J Solution: m = 2200 J / (9.8 m/s2 x 5 m) m = 49 kg 2. Calculate the kinetic energy of a 500 kg car travelling at 50 m/s. Given: Formula: m = 500 kg KE = mv2/2 v = 50 m/s Solution: KE = 500 kg x (50 m/s)2 / 2 KE = 625 000 J Power 3. Riley climbs a flight of stairs in 3 minutes. If he
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d. accounts payable. ANS: Q. Which of the following is considered an asset? a. Accounts payable b. Prepaid expense c. Bad debt d. Stockholders’ equity ANS: Compiled by Manek. 2011. P age |1 ACCY111 / SAMPLE TEST PAPER Q & A Q. The role of accounting in business is best defined as a. an information system that provides reports to stakeholders about the economic activities and condition of a business. b. a method of forecasting the future profitability of a company. c. the policies‚ procedures
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1st of February and today is 1st of March of the same year. You have just paid him his salary. What accounts will this transaction impact? Answer : Engineers cash account increases and company balance decreases . In terms of accounting head : (DR) Salary account (L) (CR) operating expense account ( Bank) (A) Bravo Corporation borrows Rs 1‚000‚000 on 1st Jan 2013 from a bank for corporate
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raised by the transformation from U.S. Generally Accepted Accounting Principles (US GAAP) to International Financial Reporting Standards (IFRS) in the timber industry. I will cover the following topics: different accounting treatment under U.S. GAAP and IFRS‚ the influence on investment decisions‚ Plum Creek’s reason for the opposition against transformation‚ and conclude with my preferred accounting treatment under different roles. ACCOUNTING TREATMENT The concern is mainly on recognition of the
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the last three weeks I observed the difference between how students live on campus and how students live off campus. The reason behind my decision to observe this was because I was curious to see the pros and cons of both ways of living. However‚ the last two years I was living on campus so instead of studying my way of living on campus I studied my five roommates and how they function daily. For one week I lived off campus with some friends and observed how they function and perform tasks on a daily
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past experience‚ and‚ therefore‚ by the establishment of a perceptual set. It is based on an experiment conducted by Bugelski and Alampay (1961). It was hypothesized that interpretation of an ambiguous stimuli that can be perceived as either a rat or a human face will be influenced by the context under which they view the figure and their past experience with other figures. That is they will be influenced by their perceptual set. The results from this study supported the hypothesis with the
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